Blanchard Railroad Week in Review

The Railroad Week in Review:
Public Archives, Fourth Quarter 2001

This newsletter is e-mailed to subscribing rail professionals every weekend. Effective January 1, 2001, the newsletter is mailed to paying subscribers only and will not be added to the public archives until six to nine months after the issue date.

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Week ending December 30
UP earnings warning -- 87 to 90 cents a share, down from the consensus 93 cents; Rail stock winners and losers for 2000; RAIL makes further progress in debt reduction; WIR goes to paid format effective Jan 1, 2001.
Week ending December 23
NS earnings warning for 4Q00 -- 5 cents to a dime a share vs. the consensus estimate of 20 cents; CSXT emergency teams save the day at hazmat derailment in Philadelphia; Some thoughts on why real rail freight rates have fallen; Short interest decline for most rail stocks.
Week ending December 17
Mike Haverty will takes reins as Chairman of KCS; RAIL, CSX in consortium to run Estonian railway; StatesRail names Dan Lovelady VP and Chief Operating Office effective January 1; Federal Railroad Administrator Jolene M. Molitoris to leave office Dec. 31; GNWR November 2000 carloads off 5% in North America and up nearly two-fold in Australia; further dispatches from the front on the battle over control of Wisconsin Central -- possible freight fallout in the UK. Extra: Report from London.
Week ending December 9
Report on CSXT shortline meeting; Further progress in web-based rate quotes; review of EMON Annual Report; BNSF's FreightWise debuts successfully.
Week ending December 2
Why some rail stocks may offer attractive alternatives to dot-coms for appreciation; Economic harbingers for 2001; WC mulls selling off individual pieces; EWS wins grant to build access to Bristol port; Mike Ward named President of CSXT, other positive signs; NS announces another buyout. Shortline Extra: Outlook for shortlines and why some will fail in 2001.
Week ending November 25 (Thanksgiving Extra)
Ranking the rails stock price appreciation potentials for 2001; CPR a sleeper.
Week ending November 18
RailAmerica completes final phase of $100 mm program to sell off non-core assets and reduce debt; Further details on WCLX palace coup, including names of Burkhardt Group subscribers; GNWR October carloads; BNSF a Cluetrain subscriber
Week ending November 11
Rails retain their cool while market slips badly; Terrible equipment utilization as one of the chief causes of congestion; GNWR completes Bolivian transaction; RailAmerica wins a slot on the Forbes 200 Best Small Companies List; WCLX downgraded; Texas DOT acquires shortline to save it from extinction
Week ending November 4
Valuing KCS -- stock multiples vs. sum of the parts; Wisconsin Central's story is one fraught with challenges; GNWR conference call was predominantly good news; Notes from the BNSF shortline meeting in Fort Worth.
Week ending October 28
BNSF, CN, CP, NS, CSX report quarterly earnings. Common thread: fuel costs way up, earnings improve nonetheless on better revenues and asset yields.
Week ending October 21
CP shortline meeting gets high marks; UP takes quarterly earnings to Wall Street -- looking better fore than aft; Class 1s say "Paper Barriers" not a major concern; CN chides US rails on cross-border process.
Week ending October 14
Ann Thoma's report on the EWS; US rails concerned about impact of high levels of grain storage on equipment availability; St Joe spins off Florida East Coast; Two Oregon shortlines team up with UP to speed interchange and car forwarding; More fallout from STB's proposed merger rules.
Week ending October 7
Synopsis of STB's proposed merger rules; Stock market reacts -- sort of; RailAmerica announces more line sales.
Index for Jul - Sep 2000
Index for Apr - Jun 2000
Index for Jan - Mar 2000
Index for Oct - Dec 1999
Index for Jul - Sep 1999
Index for Apr - Jun 1999
Index for Jan - Mar 1999
Index for Oct - Dec 1998
Index for Jul - Sep 1998
Index for Apr - Jun 1998
Index for Jan - Mar 1998
Index for April - Dec 1997
Index for Dec 1996 - Mar 1997

THE BLANCHARD COMPANY
2041 Christian Street - Philadelphia PA 19146-1338
Roy Blanchard.215-913-7740 mobile, royblan@icloud.com
Laura Blanchard, 215-985-1445, lblanchard@rblanchard.com